MIRA INFORM REPORT

 

 

Report Date :

09.09.2014

 

IDENTIFICATION DETAILS

 

Name :

THE POTATO COMPANY B.V.

 

 

Registered Office :

Daalder 12 8305BE Emmeloord

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.06.2013

 

 

Date of Incorporation :

16.06.2004

 

 

Com. Reg. No.:

39086409

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale of seeds

 

 

No. of Employees

01

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Netherlands

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

NETHERLANDS ECONOMIC OVERVIEW

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009. To recover, the government sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract.

 

Source : CIA

 

 

 

Company name and address

 

Company name                       THE POTATO COMPANY B.V.

Operative address                   Daalder 12

8305BE Emmeloord

Netherlands

Legal form                               Private Company

Registration number                KvK-nummer: 39086409

VAT-number                            813210331

 

 

Year

2013

 

Mutation

2012

 

Mutation

2011

Fixed assets

97.110

 

27,92

75.915

 

-26,45

103.209

Total receivables

1.860.507

 

137,56

783.167

 

-27,46

1.079.604

 

Total equity

539.785

*

19,23

452.721

 

17,40

385.625

Short term liabilities

1.549.558

 

220,48

483.515

 

-46,42

902.471

 

Net result

 

Working capital

442.675

*

14,85

385.432

t

28,62

299.668

Quick ratio

1,27

4

-27,43

1,75

t

32,58

1,32

 

 

 

Contact information

 

Company name           The Potato Company B.V.

Trade names               The Potato Company B.V.

Operative address       Daalder 12

8305BE Emmeloord

Netherlands

 

Correspondence address         Postbus 19

8300AA Emmeloord

Netherlands

Telephone number                  0527630110

Fax number                             0527630115

Email address                          info@tpc.nl

Website                                   www.tpc.nl

 

 

Registration

 

Registration number    KvK-nummer: 39086409

Branch number            000016496884

VAT-number                813210331

Status                          Active

 

First registration company register      2004-06-24

Memorandum                                      2004-06-23

Establishment date                              2004-06-16

Legal form                                           Private Company

 

 

Activities

 

SBI                               Wholesale of seeds (46212)

Exporter                      No

Importer                       No

Branche organisations Plantum (Branchevereniging voor de sector plantaardig uitgangsmateriaal)

Goal                             Kweken en testen van aardappelen alsmede groothandel in poot- en

consumptieaardappelen.

 

 

Relations

Shareholders               Stet Holding B.V.

Vijfheerenlanden 18

8302MJ EMMELOORD

Netherlands

Registration number:      390864700000

Percentage:                   100%

 

Companies on same address   TPC Research B.V.

Registration number:                  541347650000

 

 

Management

 

Active management

 

Stet Holding B.V.

Vijfheerenlanden 18

8302MJ EMMELOORD

Netherlands

Registration number: 390864700000

Competence: Fully authorized

Function: Manager

Starting date: 2004-06-23

 

 

Employees

 

Total according to the Chamber of Commerce

1

 

 

 

 

 

Year

 

2014

2013

2012

2011

2010

Total

 

1

4

4

3

1

 

 

 

 

Payments

 

Description Payments are made regularly no complaints are known

 

 

Key figures

 

 

Year

2013

2012

2011

2010

2009

Quick ratio

1,27

1,75

1,32

1,32

1,16

Current ratio

1,29

1,80

1,33

1,37

1,31

 

Working capital/ balance total

0,21

0,41

0,23

0,24

0,22

Equity / balance total

0,26

0,48

0,30

0,32

0,29

Equity / Fixed assets

5,56

5,96

3,74

2,94

3,20

Equity / liabilities

0,35

0,92

0,42

0,47

0,41

Balance total / liabilities

1,35

1,92

1,42

1,47

1,41

 

 

 

Year

 2013                   2012                   2011                  2010

2009

Working capital

442.675               385.432               299.668          214.339

185.438

Equity

539.785               452.721              385.625           285.484

251.457

Mutation equity

19,23                   17,40                  35,08                13,53

6,16

Mutation short term liabilities

220,48                 -46,42                 54,24                -1,53

42,50

 

Return on total assets (ROA)

 

2,10

Return on equity (ROE)

 

7,16

Gross profit margin

 

0,80

Net profit margin

 

0,39

 

Average collection ratio

 

6,52

Average payment ratio

 

5,74

Equity turnover ratio

 

15,41

Total assets turnover ratio

 

4,52

Fixed assets turnover ratio

 

49,36

Inventory conversion ratio

 

43,27

 

Turnover

 

3.876.000

Operating result

 

31.000

Net result after taxes

 

15.000

 

Cashflow

 

18.000

Gross profit

 

3.876.000

EBIT

 

31.000

EBITDA

 

34.000

 

 

 

 

Summary

 

The 2013 financial result structure is a postive working captial of 442.675 euro, which is in

agreement with 21 % of the total assets of the company.

The working capital has increase with 14.85 % compared to previous year. The ratio with

respect to the total assets of the company has however, declined.

The improvement between 2012 and 2013 has mainly been caused by a current liabilities

reduction.

 

The current ratio of the company in 2013 was 1.29. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

The quick ratio in 2013 of the company was 1.27. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

The 2012 financial result structure is a postive working captial of 385.432 euro, which is in

agreement with 41 % of the total assets of the company.

The working capital has increased with 28.62 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

The improvement between 2011 and 2012 has mainly been caused by an increase of the

current assets.

The current ratio of the company in 2012 was 1.8. A company with a current ratio between

1.5 and 3.0 generally indicates good short-term financial strength.

The quick ratio in 2012 of the company was 1.75. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

 

 

 

 

 

 

 

Financial statement

 

Remark annual account          The company is obliged to file its financial statements.

Type of annual account           Corporate

Annual account                       The Potato Company B.V.

Daalder 12

8305BE Emmeloord

Netherlands

Registration number: 390864090000

Balance

 

Year

2013

2012

2011

2010

2009

End date

2013-06-30

2012-06-30

2011-06-30

2010-06-30

2009-06-30

Tangible fixed assets

97.110

75.915

103.209

97.023

78.521

Fixed assets

97.110

75.915

103.209

97.023

78.521

 

Total stock

31.747

22.637

12.419

27.520

89.575

Total receivables

1.860.507

783.167

1.079.604

761.504

675.810

Liquid funds

99.979

63.143

110.116

10.405

14.262

Current assets

1.992.233

868.947

1.202.139

799.429

779.647

Total assets

2.089.343

944.862

1.305.348

896.452

858.168

 

Issued capital

18.000

18.000

18.000

18.000

18.000

 

 

Year

2013

2012

2011

2010

2009

End date

2013-06-30

2012-06-30

2011-06-30

2010-06-30

2009-06-30

Other reserves

521.785

434.721

367.625

267.484

233.457

Total reserves

521.785

434.721

367.625

267.484

233.457

Total equity

539.785

452.721

385.625

285.484

251.457

 

Long term interest yielding debt

 

8.626

17.252

25.878

12.502

Long term liabilities

 

8.626

17.252

25.878

12.502

Short term liabilities

1.549.558

483.515

902.471

585.090

594.209

Total short and long term liabilities

1.549.558

492.141

919.723

610.968

606.711

Total liabilities

2.089.343

944.862

1.305.348

896.452

858.168

 

 

Summary

 

The total assets of the company increased with 121.13 % between 2012 and 2013.

The fixed asset growth of 27.92 % is lower than the total asset growth.

The asset growth has mainly been financed by a debt increase of 214.86 %. The Net Worth,

however, grew with 19.23 %.

In 2013 the assets of the company were 4.65 % composed of fixed assets and 95.35 % by

current assets. The assets are being financed by an equity of 25.84 %, and total debt of

74.16 %.

The total assets of the company decreased with -27.62 % between 2011 and 2012.

This total assets decrease has been reflected in a reduction of non current assets of -26.45

%.

The asset reduction is in contrast with the equity growth of 17.4 %. Due to this the total debt

decreased with -46.49 %.

In 2012 the assets of the company were 8.03 % composed of fixed assets and 91.97 % by

current assets. The assets are being financed by an equity of 47.91 %, and total debt of

52.09 %.

The Potato

 

 

 

 

 

 

 

 

Profit and loss

 

Year                                                     2009

Revenues                                              3.876.000

Net turnover                                         3.876.000

Wages and salaries                               93.000

Amorization and depreciation                  3.000

other operating costs                              311.000

Raw materials and consumables             3.438.000

Operating expenses                               3.845.000

Operating result                                   31.000

Financial income                                    4.000

Financial expenses                                17.000

Financial result                                      -13.000

 

Result on ordinary operations before taxes     18.000

Taxation on the result of ordinary activities           4.000

Result of ordinary activities after taxes           15.000

Net result                                                         15.000

 

 

 

 

 

 

Analysis

 

Branch (SBI)Wholesale trade (no motor vehicles and motorcycles) (46)

 

Region

 

Flevoland

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Flevoland 2943 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region Flevoland 95 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Flevoland is normal

 

Publications

Filings

 

05-06-2014: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.

05-06-2013: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

27-06-2012: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

30-06-2011: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

07-06-2010: De jaarrekening over 2009 (gebroken boekjaar) is gepubliceerd.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.26

UK Pound

1

Rs.97.51

Euro

1

Rs.77.94

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

 

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.